English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

China attaches importance to the combination of credit policy and environmental protection, tries to use credit policy tools to protect ecology and pollution prevention, and prevent environmental credit risk. With the proposal of the goal of “carbon peak and carbon neutralisation” (“double carbon”), green credit is also regarded as an important policy tool to achieve this goal. Firstly, this paper selects the time series data of green credit at the national level from 2013 to 2019 according to the official statistics and evaluates the coupling and coordinated development of credit system and environmental system based on the coupling coordination model. The results show that the two systems show well-coordinated development, but the interaction has annual fluctuations. Secondly, by calculating the provincial carbon emissions and green credit panel data from 2005 to 2019, the dynamic internal mechanism is analysed based on Panel Vector Autoregression (PVAR) model. It is found that green credit has a significant inhibitory effect on carbon emissions. The research results of this paper provide an overall evaluation of the quantity and quality of green credit for China’s banking industry. It also provides reasonable and effective support for green credit as a policy tool to promote realising the “double carbon” goal. In addition, China should maintain the consistency, stability and durability of green credit policy and continue to contribute to the low-carbon transformation of the economy and society.

Is Green Credit a Good Tool to Achieve “Double Carbon” Goal? Based on Coupling Coordination Model and PVAR Model